Joined Dec 2017
Status: Moment turns into eternity
The bottom level of the upward trend EUR/USD H4 is broken at a price of 1.23. After confirming the breakout, a downward trend emerged. The price touched the upper and lower border of the trend at 1.2328 and 1.2236. These levels will act as resistance and support. In addition, it is worth noting the level of 1.2270 as support, which will be tested if the downtrend is confirmed.
RSI(8) is also confirm the downtrend. The indicator is in overbought area.
Attached Image (click to enlarge)
Dont hurry in three situations: marriage, sex, trade.
Yesterday, President Xi Jinpings speech further doused trade war fears and resulted to safe-haven outflows, while the greenback marginally benefitted with the USD index eyeing the 90.00 level to the upside, which in turn kept overnight price action in EUR/USD restricted.
Option expiries of note for today's 15:00 GMT:
EUR/USD: None of significance nearby price action.
Holding one short toward @ 1.2115 and looking for an opportunity to short again.